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Why Freshworks Stock Plummeted This Week

TheMotleyFool

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Why Freshworks Stock Plummeted This WeekPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Freshworks (NASDAQ: FRSH) stock suffered big sell-offs over the past week's trading in response to the company's latest earnings report. The software specialist's share price fell 18.8% over the stretch.

Freshworks published its fourth-quarter results after the market closed on Feb. 10 and actually reported sales and earnings for the period that beat Wall Street's expectations. Despite the performance beats, investors weren't satisfied with the company's forward guidance and sold out of the stock.

Source Fool.com

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